SB2752 regulates fantasy contests in Texas, requiring occupational licenses, imposing taxes, and authorizing fees.

SB2752 mandates that fantasy contests in Texas be conducted under a license issued by the Texas Lottery Commission. It defines a fantasy contest as an online game or contest of skill that charges an entry fee and discloses prize values in advance. The bill prohibits contests from labeling themselves as gambling. It requires operators to implement measures to prevent underage participation, fraud, and money laundering. Operators must also develop programs to mitigate compulsive play.

SB2752 regulates fantasy contests in Texas, requiring occupational licenses, imposing taxes, and authorizing fees.

SB2752 mandates that fantasy contests in Texas be conducted under a license issued by the Texas Lottery Commission. It defines a fantasy contest as an online game or contest of skill that charges an entry fee and discloses prize values in advance. The bill prohibits contests from labeling themselves as gambling. It requires operators to implement measures to prevent underage participation, fraud, and money laundering. Operators must also develop programs to mitigate compulsive play.